Research & News
Asset Allocation Weekly (July 9, 2021)
by the Asset Allocation Committee | PDF In our report from June 25, we discussed the data from the Financial Accounts of the U.S., otherwise known by its original name, the Flow of Funds Report. There is a section of the report that comes out a couple weeks after the initial release known as the… Read More »
Weekly Energy Update (July 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After rising above $76 per barrel on news of the OPEC+ impasse (see below) prices have corrected modestly. (Source: Barchart.com) Crude oil inventories fell 6.9 mb compared to the 4.0 mb draw expected. The SPR fell 1.2 mb, meaning without the addition from the… Read More »
Daily Comment (July 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. The Ever Given, the ship that blocked the Suez Canal, has finally been allowed to set sail! U.S. equity futures are sharply lower this morning. There doesn’t appear to be an exact cause, but equities have been strong… Read More »
Daily Comment (July 7, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We begin today’s Comment with U.S. politics and some new developments regarding U.S. relations with China and Russia. We then touch on the imminent release of a new strategy paper from the European Central Bank before addressing a few other… Read More »
Daily Comment (July 6, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we open with a lengthy discussion of the Chinese government’s latest clampdown on its technology firms. Importantly, we discuss the move’s implications for a range of geopolitical and economic issues. We next turn to general international news,… Read More »
Daily Comment (July 2, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities appear to be headed for a higher open this morning. Today’s Comment begins with a discussion about Chinese President Xi Jinping’s speech. International news follows, with an update on the global minimum tax proposal and… Read More »
Asset Allocation Weekly (July 2, 2021)
by the Asset Allocation Committee | PDF (Due to the Independence Day holiday, there will not be an accompanying podcast and chart book this week. The multimedia offerings associated with this report will resume next week, July 9.) The Wall Street Journal Dollar Index, which tracks the dollar’s value relative to seven major currencies, has… Read More »
Daily Comment (July 1, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and welcome to the third quarter! We are now in the second half of 2021. U.S. equity futures are mostly marking time this morning, but commodities are starting the second half on a tear. Tomorrow, we get the… Read More »